Credit Card

BMW brands offer new rewards-earning Mastercard credit cards

BMW and MINI brands now offer a Mastercard credit card, which gives users a variety of rewards.

Photo courtesy of BMW

Three BMW brands now face a variety of Mastercard credit car offerings from U.S. Bank. The portfolio includes four cards featuring the BMW, MINI, and BMW Moterrad brands.

"Our new credit card offerings are designed to deliver the performance expected from our premium brands. Our customers will experience greater functionality and improved benefits, engaging them and providing a platform for improved loyalty" said Ian Smith, CEO, BMW Group Financial Services NA. "This new card program brings a world-class experience and value that rewards the relationship we have with our customers, and we know our dealerships and customers are going to love it."

The available cards include: BMW World Mastercard, BMW Precision World Elite Mastercard, MINI World Mastercard, and BMW Motorrad World Mastercard. All allow users to earn rewards that can be used for vehicle payments, travel, or cash back. Additionally, the cards offer a fully digital process for interaction, including application.

While at a BMW or MINI dealership, applicants can receive access to a digital application for the card - something they can do while they're at the dealer. According to BMW Group Financial Services, "the credit decision is nearly instantaneous, and if approved, customers will have immediate access to the credit card to use that day in the dealership for accessories, service, purchase of an extended warranty or insurance products, or to cover fees at lease end."

Cardholders will receive:

  • Up to 5x rewards for purchases at BMW, MINI or BMW Motorrad
  • Accelerated rewards on gas and restaurants;
  • $70 annual dealership credit on the BMW Precision World Elite Mastercard;
  • Contactless payment capabilities that require no swiping or dipping, in addition to an EMV chip and magnetic stripe for maximum convenience;
  • One-click mobile application process with an instant credit decision for immediate use;
  • Ability to use the card to purchase branded merchandise and accessories, parts and service;
  • BMW, MINI and BMW Motorrad Credit Card mobile apps to redeem rewards and manage their account from anywhere.

"BMW, MINI and BMW Motorrad are iconic brands that epitomize performance and quality and a rewarding experience for owners," said Steve Mattics executive vice president of Retail Payment Solutions at U.S. Bank. "These new credit cards were designed to provide world class experiences for cardholders; starting with the streamlined digital application, continuing through to the accelerated rewards on gas and restaurant spend, as well as purchases at the dealership, and complemented by contactless payment capabilities. We are confident these will quickly become go-to cards for owners."

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European sports sedan

Grab this 2000 BMW M5 before someone else does

Classic good looks and a rowdy V8 are the story here.

Bring a Trailer

We could spend all day bemoaning the rise of car auction sites and their impact on prices, but that won't do any good. The damage has been done. Of course, there are exceptions to the sky-high pricing we typically see on auction sites, and some cars are worth the money. This 2000 BMW M5 is one of them, and its current auction bid of just $15,250 makes us think it could go for a decent price.

The E39 M5 is one of the most legendary and sought-aftersports sedans of all time. Its 4.9-liter V8 produced 394 horsepower and 369 pound-feet of torque when it was new, which isn't all that crazy by today's standards, but an almost 400-horsepower family car was a big deal at the time. That magical engine is paired with a six-speed manual transmission and rear-wheel drive – an enthusiast's dream recipe.


2000 BMW M5 This car is in great shape for its age.Bring a Trailer


Inside, this car's tan leather upholstery looks great, and matches well with its black exterior. The seller has kept mods to a minimum, with just a set of aftermarket headlights on the list of changes. The car's original navigation system and head unit appear to be in place and the entire package is so well preserved it's amazing that the car hasn't drawn more interest so far.

Where this M5 will end up is anybody's guess. These cars are particularly difficult to find in any condition that could be called drivable, so this car's relatively low $15,000 current bid amount is surprising. Commentors on this auction are just as surprised as we are, and are asking where the love has gone for this M5. Of course, someone could swoop in at the last moment and start a bidding war, and with a full day left on the clock there's plenty of time for some action.


2000 BMW M5 The tan leather is nearly perfect.Bring a Trailer

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Updated crossovers

BMW Announces Updates for 2022 X3 and X4

The X3 and X4 get meaningful updates for 2022.

BMW

European luxury brands have fully embraced the SUV and crossover craze. Mercedes-Benz, Audi, and BMW have all drastically increased their utility vehicle catalogs in recent years, but haven't forgotten fun and drivability along the way. BMW in particular offers several models, each of which can be had in high-performance variants or with performance options packages. Two, the X3 and X4, will receive meaningful updates for the 2022 model year, with new powertrain tech and upgraded standard features.

The standard vehicles will be powered by a 2.0-liter four-cylinder engine that produces 248 horsepower and 258 pound-feet of torque. All X3 and X4 models will get an eight-speed automatic transmission, and most will get standard all-wheel drive. Only the base X3 sDrive model will miss out. Both the X3 and X4 will be available with a Dynamic Handling Package, along with various steering and suspension upgrades. A Performance Control feature will be available for X3 models equipped with the M Sport package and standard for all X4 models, which brings the ability to shift torque to the rear wheels for better traction.


2022 BMW X4 Because of its sloping roof, BMW calls the X4 a coupe.BMW


Both the X3 and X4 will also be available in performance-oriented forms. The M40i models will be powered by a twin-turbo 3.0-liter inline-six engine that produces 382 horsepower and 369 pound-feet of torque. BMW says the engine is powerful enough to propel the crossovers to 60 mph from a standstill in just 4.4 seconds and on to a stop speed of either 130 or 155 mph, depending on the tire.

BMW's Live Cockpit Plus system is standard for the X3, which includes a 10.25-inch infotainment touchscreen and a 5.1-inch color display in the center of a traditional gauge cluster. X4 models and upgraded X3 models will get a digital gauge cluster that measures 12.3 inches, along with a 12.3-inch touchscreen infotainment system. Called Live Cockpit Professional, the system is based on BMW's latest iDrive 7.0 software and can display information such as maps and vehicle data directly in front of the driver. BMW says that iDrive 7.0 allows the vehicles to be updated over-the-air to add new digital services and keep vehicle systems running properly.


2022 BMW X4 Both the X3 and X4 will be available in high-peformance M models.BMW


If you're hoping to get ahold of the new X3 or X4, production will begin in August 2021 at BMW's Spartanburg, SC facility. Pricing will begin at $43,700 for the X3 and $51,800 for the X4. Both vehicles will be subject to a $995 destination charge and taxes.

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